Simplex Trading LLC Makes New $1.14 Million Investment in Direxion Daily META Bull 2X ETF $METU

Simplex Trading LLC bought a new position in shares of Direxion Daily META Bull 2X ETF (NASDAQ:METU) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 37,269 shares of the company’s stock, valued at approximately $1,141,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Parallel Advisors LLC boosted its stake in shares of Direxion Daily META Bull 2X ETF by 50.0% during the first quarter. Parallel Advisors LLC now owns 1,200 shares of the company’s stock valued at $27,000 after purchasing an additional 400 shares during the period. SOA Wealth Advisors LLC. grew its holdings in shares of Direxion Daily META Bull 2X ETF by 27.9% in the first quarter. SOA Wealth Advisors LLC. now owns 2,364 shares of the company’s stock worth $53,000 after purchasing an additional 515 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in Direxion Daily META Bull 2X ETF by 17.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 5,573 shares of the company’s stock worth $171,000 after buying an additional 839 shares during the period. Retirement Planning Co of New England Inc. increased its stake in Direxion Daily META Bull 2X ETF by 7.9% in the 3rd quarter. Retirement Planning Co of New England Inc. now owns 20,425 shares of the company’s stock worth $626,000 after buying an additional 1,487 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new position in Direxion Daily META Bull 2X ETF in the 2nd quarter worth about $186,000.

Direxion Daily META Bull 2X ETF Price Performance

Shares of METU opened at $23.28 on Tuesday. Direxion Daily META Bull 2X ETF has a 1-year low of $16.85 and a 1-year high of $39.74. The company has a 50-day moving average of $26.84 and a 200 day moving average of $25.91. The firm has a market capitalization of $348.73 million, a price-to-earnings ratio of 24.62 and a beta of 3.06.

Direxion Daily META Bull 2X ETF Profile

The Direxion Daily META Bull 2X Shares (METU) is an exchange-traded fund that is based on the Meta Platforms Inc Class A index. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of META stock. METU was launched on Jun 5, 2024 and is issued by Direxion.